Suppose an individual with same working condition got three alternative job in his hand he has selected the best and need to forgone the next best alternative. Identify the indicated cost in the aforesaid statement.

The balance of payments records the transactions in goods, services and assets between residents of a country with the rest of the world for a specified time period. Identify the main accounts in the balance of payments.

Among the following, which features are correct with regard to Revenue receipts. (A) Receipts that are redeemable. (B) Recurring receipts that do not lead to a claim on the government. (C) Receipts from different taxes. (D) Receipts that take into account the effects of tax propo…

Select the correct statements from the following with regard to cost curves: (A) Short run marginal cost, average variable cost and short run average cost curves are 'U'-shaped. (B) SMC curve cuts the AVC curve from below at the minimum point of AVC. (C) SMC curve cuts the AFC cu…

Identify the major sectors in the domestic economy.

The total cost of a firm is Rs 80 for 3 units of output, Rs 95 for 4 units of output, and Rs. 115 for 5 units of output. What is the marginal cost for the 5th unit of output?

List-I | List-II (A) Parallel inward shift in budget line | (I) \(M/p_1 > M/p_1'\) (B) Parallel outward shift in budget line | (II) \(M/p_1 < M/p_1'\) (C) Budget line steeper | (III) \(M' < M\) (D) Budget line flatter | (IV) \(M' > M\) Choose the correct answer from the options g…

The difference between the government's total expenditure and its total receipts excluding borrowing.

Identify the tax imposed by the government that do not depend on income.